16.30 - BONDS AND NOTES AS LEGAL INVESTMENTS.
16.30 BONDS AND NOTES AS LEGAL INVESTMENTS.
Bonds and notes of the authority are securities in which public
officers, state departments and agencies, political subdivisions,
insurance companies, and other persons carrying on an insurance
business, banks, trust companies, savings and loan associations,
investment companies and other persons carrying on a banking
business, administrators, executors, guardians, conservators,
trustees and other fiduciaries, and other persons authorized to
invest in bonds or other obligations of this state, may properly and
legally invest funds including capital in their control or belonging
to them. The bonds and notes are also securities which may be
deposited with and may be received by public officers, state
departments and agencies, and political subdivisions, for any purpose
for which the deposit of bonds or other obligations of this state is
authorized. Section History: Early Form
[C77, 79, 81, § 220.30] Section History: Recent Form
C93, § 16.30
Referred to in § 16.1